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ACQUISTO v. BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASS'N

Docket No. 17086.

95 Cal.App.2d 736 (1950)

213 P.2d 775

ANTHONY ACQUISTO, Respondent, v. BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION (a National Banking Association), Appellant.

Court of Appeals of California, Second District, Division Three.

January 26, 1950.

Attorney(s) appearing for the Case

Hugo A. Steinmeyer and Geo. L. Beckwith for Appellant.

Gustafson & Rosenmund and Roy A. Gustafson for Respondent.

SHINN, P.J.

In March of 1948, Charles C. McIntosh was in the used car business in Ventura. Plaintiff was engaged separately in the same business. McIntosh then had five automobiles in stock, upon which the Bank of America had a lien as security for the payment of $3,665.50. The bank held the ownership certificates and two so-called trust receipts signed by McIntosh, one covering four cars and the other one car. McIntosh held a copy of the four-car receipt to which...

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